9,639 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,639 shares of the company’s stock, valued at approximately $1,376,000.

Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC lifted its position in DoorDash by 18,975.0% during the 1st quarter. Lazard Asset Management LLC now owns 2,289 shares of the company’s stock valued at $314,000 after acquiring an additional 2,277 shares during the period. Tidal Investments LLC lifted its holdings in shares of DoorDash by 658.5% during the first quarter. Tidal Investments LLC now owns 35,045 shares of the company’s stock valued at $4,826,000 after purchasing an additional 30,425 shares during the last quarter. Comerica Bank boosted its position in shares of DoorDash by 8.9% in the 1st quarter. Comerica Bank now owns 20,159 shares of the company’s stock worth $2,776,000 after purchasing an additional 1,650 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of DoorDash in the 1st quarter worth approximately $105,000. Finally, Swedbank AB bought a new position in DoorDash during the 1st quarter valued at approximately $21,243,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on DASH. Loop Capital boosted their target price on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC upped their price target on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets raised their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Benchmark upped their target price on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Raymond James started coverage on shares of DoorDash in a research report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price target for the company. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.06.

Insider Activity

In other DoorDash news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the completion of the sale, the chief financial officer now owns 396,152 shares in the company, valued at $50,651,994.72. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 553,262 shares of company stock worth $85,515,902 over the last ninety days. Corporate insiders own 7.92% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $178.44 on Thursday. The company has a market capitalization of $74.12 billion, a P/E ratio of -396.53, a P/E/G ratio of 13.77 and a beta of 1.67. DoorDash, Inc. has a 1-year low of $92.58 and a 1-year high of $181.30. The firm’s 50 day simple moving average is $155.55 and its two-hundred day simple moving average is $129.97.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the company earned ($0.19) EPS. DoorDash’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, sell-side analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.